China’s first batch of bluechips under new IPO system surge in debut
The listing of the 10 companies on the main boards in Shanghai and Shenzhen marks the full roll-out of China’s U.S.-style IPO mechanism, designed to make public share sales more market oriented. The system had already been adopted by Shanghai’s tech-focused STAR Market, Shenzhen’s start-up board ChiNext and the Beijing Stock Exchange for small companies
